HFZ Capital is planning to convert the Belnord – a 13-story, 218-unit rental building at 225 West 86th Street, on the Upper West Side – into 213 condominium units. The developer recently filed their plans with the Attorney General’s office and expects the future condominiums to be worth a total $1.3 billion, according to The Real Deal. HFZ acquired the residential portion of the block-encompassing building – bound by West 86th and 87th streets, Broadway, and Amsterdam Avenue – for $575 million last year. The ground-floor sections contain retail space and will be left untouched. The property is an individual landmark (and is also listed on the U.S. National Register of Historic Places), which means any exterior alterations must be approved by the Landmarks Preservation Commission.
Back in October, the Landmarks Preservation Commission heard a proposal that would remake a good chunk of West 29th Street between Broadway and Fifth Avenue. It would include restoring two landmarks and construction of a 64-story mixed-use tower. The hearing in October was paused because of the late hour and lack of quorum, and when it resumed on Tuesday, it became clear that one aspect of it was the big stumbling block.
Two buildings, one destination. That’s what’s going on at 88 & 90 Lexington Avenue, between East 27th and 26th streets in Manhattan’s Gramercy area. Two buildings – 88 Lexington Avenue, built in 1927, and 90 Lexington Avenue, built in 1958 – are being converted into luxury condominiums by HFZ Capital Group, with workshop/apd as designer. We stepped inside last week to see how the conversion is going.
Back in November, YIMBY posted the first renderings for 76 Eleventh Avenue, which is being developed by HFZ Capital. Now, we have a new set of images for the project, which is being designed by Bjarke Ingels Group. They show major tweaks to the formerly jigsaw-like design, and accompanied EB-5 materials for the project sent to YIMBY.
While the length of the High Line has seen a surge of construction since the elevated park initially opened, there are still a few major sites left that remain ripe for new development. Perhaps the largest such parcel is at 76 11th Avenue, between 17th and 18th Streets, which was acquired by HFZ Capital for $870 million back in April. Now, YIMBY can reveal the site’s preliminary plans, created by Bjarke Ingels Group.